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CBIC vide Notification No. 14/2022 - Central Tax dt. 5th July 2022 read with Circular No. 170/02/2022-GST dt. 6th July 2022 updated the reporting format for GSTR 3B Table 4. The said change was made live on the GST portal from 1st Sep 2022 onwards i.e. Aug 2022 return period. As the process to compute the values to be populated in the tables 4A, 4B & 4D is a bit complicated, the same has been simplified in the following table.   Tables Particulars ..

Introduction The Central Board of Indirect Taxes and Customs (CBIC) has launched a special all-India drive to combat cases of fake Goods and Services Tax (GST) registration. In its first week, this joint initiative by central tax and state tax officers successfully exposed 10,000 instances of fraudulent GST registrations. The campaign, which began on May 15, 2023, is set to continue until July 15, 2023. During their investigations, officers discovered forged supporting documents, such as elec..

 The CBIC vide Instruction No. 02/2023-GST dated May 26, 2023 has issued Standard Operating Procedure ("SOP") for Scrutiny of Returns for Financial Year 2019-20 onwards. Attention is invited to the Instruction No. 02/2022-GST dated March 22, 2022, wherein a Standard Operating Procedure (SOP) was provided for scrutiny of returns under section 61 of Central Goods and Services Tax Act, 2017 (hereinafter referred to as "the CGST Act) read with rule 99 of Central Goods and Serv..

CBIC has reduced the e-invoicing limit to 5 crore from the current limit of 10 crore starting from 1st August 2023. Official copy of the notification has been mentioned below. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION   New Delhi, the 10th May, 2023 No. 10/2023 – Central Tax G.S.R. 355(E).—In exercise of the powers conferred by sub-rule (4) of rule 48 of the Central Goods and Services Tax Rules, 2017, t..

CBIC has issued notification to provide that the option for the Financial Year 2023-2024 to pay tax under Forward Charge by Goods Transport Agency shall be exercised on or before the 31st May, 2023. Earlier, this option was required to be exercised before 15th March, 2023. Official copy of the notification has been mentioned below   [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUBSECTION (i)] Government of India Ministry of Finance (Department of ..

A special all-India drive will be launched by all central and state tax administrations during May 16-July 15 to detect suspicious or fake GST identification numbers. A directive to this effect was circulated on Thursday to all field formations with adequate safeguards and elaborate standard operating procedure (SOP) to plug revenue leakages without any outreach, one finance ministry official said requesting anonymity. Official copy of the guidelines issued by CBIC is as folllows Duri..

Finance Minister Nirmala Sitharaman on Saturday directed Central Board of Indirect Taxes & Customs to introduce its automated GST return scrutiny by next week and to implement an action plan to increase the taxpayer base through enhanced use of technology. Sitharaman, did a comprehensive review with CBIC and covered a variety of work areas, including trade facilitation, tax payer services, grievance redressal of the trade and finalisation of disciplinary cases and infrastructure projects,..

The GST wing of the Central Board of Indirect Taxes & Customs (CBIC) is investigating over a dozen insurance companies for allegedly claiming wrongful input tax credits of amount pegged at Rs 1000 crore. CBIC officials are analysing documents of the past two years of insurance companies and are in the process of issuing show cause notice to the companies. "We have noticed mis-selling in terms of the commission paid to agents as per IRDAI rules, and invoices being raised for servi..

Chairman CBIC Shri Vivek Johri presides over Passing Out Ceremony of 72nd Batch of IRS (C&IT) Officers and exhorts young officers to maintain balance between facilitation and enforcement The induction training of the 72nd Batch of IRS(C&IT) culminated with a Passing Out Parade here today at National Academy of Customs, Indirect Taxes and Narcotics (NACIN), Faridabad. The 72nd Batch consists of 33 officers, which includes 7 lady officers. These young officers will be at ..

The CBIC vide Circular No. 190/02/2023- GST dated January 13, 2022 has issued clarifications regarding the applicability of GST on certain services. Representations have been received seeking clarifications on the following issues: 1. Applicability of GST on accommodation services supplied by Air Force Mess to its personnel; 2. Applicability of GST on incentive paid by Ministry of Electronics and Information Technology (MeitY) to acquiring banks under Incentive scheme for promotion of R..

The Central Board of Indirect Taxes and Customs (CBIC) said on Saturday those applying for Goods and Services Tax (GST) registration need not give their mobile phone number and email address. Instead, their permanent account number (PAN) will be verified through a separate one-time password to be sent to the mobile number and e-mail address linked to it. PAN is issued by the Income Tax department.   The amended GST registration form will auto-populate the contact details of the app..

The CBIC vide Circular No. 183/15/2022-GST dated December 27, 2022 has issued a clarification to deal with the difference in Input Tax Credit ("ITC") availed in FORM GSTR-3B as compared to that detailed in FORM GSTR-2A for FY 2017-18 and 2018-19. Section 16 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as "CGST Act") provides for eligibility and conditions for availing Input Tax Credit (ITC). During the initial period of implementation ..

The CBIC vide Circular No. 184/16/2022-GST dated December 27, 2022 has issued a clarification on the entitlement of input tax credit where the place of supply is determined in terms of the proviso to sub-section (8) of section 12 of the Integrated Goods and Services Tax Act, 2017 ("the IGST Act"). Attention is invited to sub-section (8) of section 12 of Integrated Goods and Services Tax Act, 2017 (hereinafter referred to as "IGST Act") which provides for the plac..

The CBIC vide Circular No. 185/17/2022-GST dated December 27, 2022 issued a clarification with regard to the applicability of provisions of section 75(2) of the Central Goods and Services Tax Act, 2017 ("the CGST Act") and its effect on limitation. Attention is invited to sub-section (2) of section 75 of Central Goods and Services Tax Act, 2017 (hereinafter referred to as “CGST Act”) which provides that in cases where the appellate authority or appellate tribun..

The CBIC vide Circular No. 186/18/2022-GST dated December 27, 2022 issued a clarification on various issues pertaining to Goods and Services Tax ("GST"). Representations have been received from the field formations seeking clarification on certain issues with respect to –   i. Taxability of No Claim Bonus offered by Insurance companies; ii. Applicability of e-invoicing w.r.t an entity. In order to clarify the issue and to ensure uniformity in the imp..

The CBIC vide Circular No. 187/19/2022-GST dated December 27, 2022 issued a clarification regarding the treatment of statutory dues under GST law in respect of the taxpayers for whom the proceedings have been finalised under the Insolvency and Bankruptcy Code, 2016 ("the IBC"). Attention is invited to Circular No.134/04/2020-GST dated 23rd March, 2020, wherein it was clarified that no coercive action can be taken against the corporate debtor with respect to the dues of the period pr..

The CBIC issued Circular No. 188/20/2022-GST dated December 27, 2022 regarding the Prescribing manner of filing an application for refund by unregistered persons. Instances have been brought to the notice where the unregistered buyers, who had entered into an agreement/ contract with a builder for supply of services of construction of flats/ building, etc. and had paid the amount towards consideration for such service, either fully or partially, along with applicable tax, had to get..

As per the recent tweet by the CBIC, started that Some news reports have appeared in media today suggesting that though GST Council has recommended reducing threshold for generation of e-invoice to Rs.5 cr w.e.f. January 01, 2023, the Government has yet to issue notification in the matter, giving rise to uncertainties amongst the taxpayers.   It is clarified that presently, e-invoicing has been made mandatory for registered persons having aggregate turnover more than Rs. 10 crore in a..

The Central Board of Indirect Taxes and Customs (CBIC) has constituted Customs, Central Excise and Service Tax Settlement Commission aimed to resolve and settle the show-cause notices issued under the Customs Act, Central Excise Act and Service Tax regime.   The move would bring speedy disposal of cases where demand has been raised under the old indirect tax regime. "Customs, Central Excise & Service Tax Settlement Commission-A Filip to Alternative Dispute Resolution Mechanis..

The Central Board of Indirect Taxes & Customs (CBIC) has booked over 8,200 cases involving revenue of over ₹62,000 crore since inception of GST till date. This was the key reason for not changing the threshold related with decriminalisation of offences for fake invoices. It needs to be noted that there is no term such as fake invoice in GST law. The GST council on Saturday recommended the raising of minimum threshold of tax amount for launching prosecution under GST to ₹2 crore from ₹1..